Cruisers Forum
 


Reply
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 04-08-2017, 15:30   #1
Registered User
 
flysofia99's Avatar

Join Date: Aug 2017
Posts: 26
what insurance is mandatory for cruiser

hello, this is Sofia,

we have a lagoon 440,is on the way to sail around world

first year ,we plan to start from turkey ,to Greece ,Italy,Spain,Canary Islands

then South Africa ,Indian sea,like Seychelles

then Thailand,Philipps,hk

————————————————————-
for this what kind of insurance I have to buy

just third party liability insurance ,is that ok?

about amount, does them have any requirment?

thanks in advance。
__________________
you can see the view in pics,but not people‘s heart.
flysofia99 is offline   Reply With Quote
Old 04-08-2017, 15:37   #2
Registered User

Join Date: Dec 2010
Location: W Carib
Boat: Wildcat 35, Hobie 33
Posts: 13,480
Re: what insurance is mandatory for cruiser

None is "necessary", but some marinas and venues may require at least liability.
belizesailor is offline   Reply With Quote
Old 04-08-2017, 15:51   #3
Registered User

Join Date: Feb 2017
Location: Shady Side, MD
Boat: Hallberg-Rassy 41
Posts: 181
Re: what insurance is mandatory for cruiser

Some marinas and a few other places (service centers, canals, locks, etc) will require you to have insurance that will cover damages to others caused by you or your boat (liability coverage).

If you have a loan on your boat, the finance company will require insurance that covers your boat.

Those are the only possible "mandatory" insurance requirements.


Your personal financial risk tolerance is a whole other question.

Would you be able to pay to fix your boat if it was dismasted?

If you ran into a shipping container and put a big hole in the side, but were still able to bring the boat back to a port, could you afford the repair bill, or would you have to give up and go back home?

If the worst happened and the boat sank and /or you had to abandon it at sea for some reason, what would you do then?

The right insurance could cover all that, and more - but you'll have to pay for it.

Is it worth the cost to you to have that coverage?

A lot of people say yes, it's worth the cost, and buy insurance. A lot of people say no, it's not worth it, and don't.

It's really a very personal decision that only you can answer for you.
mogulskibum is offline   Reply With Quote
Old 04-08-2017, 22:43   #4
Registered User

Join Date: Jun 2017
Location: Subic Bay Philippines
Posts: 539
Re: what insurance is mandatory for cruiser

More and more Marina's all over the world (even in the Philippines) are now asking for third party insurance as a minimum if you want to stay for more than a few days,

Full vessel insurance for international passages is available through select providers(but not legally required), in saying that many brokers are now asking for qualifications/experience prior to accepting you/your vessel and also require a registered surveyor's report (normally required there after every 2-3 years)

Cheers Steve
Captsteve53 is offline   Reply With Quote
Old 05-08-2017, 08:32   #5
Registered User
 
01kiwijohn's Avatar

Join Date: Mar 2014
Location: Tacoma, Washington, USA
Boat: Casacde 36
Posts: 596
Images: 1
Re: what insurance is mandatory for cruiser

None mandatory. Some harbor s and Marina's require liability insurance to Moor or anchor. We have $1 million for our boat, reasonable, at $300 or so per year.
01kiwijohn is offline   Reply With Quote
Old 05-08-2017, 08:55   #6
Registered User

Join Date: Feb 2015
Posts: 7
Re: what insurance is mandatory for cruiser

Liability is mandatory in Europe. The authorities want to see it at every check in and check out. Especially Italy is strict and requires a minimum of 500 k€ (so far I recall).
skippernobi
skippernobi is offline   Reply With Quote
Old 05-08-2017, 13:59   #7
Registered User

Join Date: Jan 2016
Posts: 49
Re: what insurance is mandatory for cruiser

Quote:
Originally Posted by skippernobi View Post
Liability is mandatory in Europe. The authorities want to see it at every check in and check out. Especially Italy is strict and requires a minimum of 500 k€ (so far I recall).
skippernobi
No, this is only true for some European countries, not for all. Check your almanac.

If you are after liability only, you may want to check your existing (land/home) liability insurance. In my case it turned out that it also covers off shore sailing.
Bor the Wolf is offline   Reply With Quote
Old 05-08-2017, 14:14   #8
Registered User

Join Date: Mar 2011
Location: fl- various marinas
Boat: morgan O/I 33' sloop
Posts: 1,447
Re: what insurance is mandatory for cruiser

Many marinas require liability insurance. I would not do more than a single night at one that doesn't.
Dave22q is offline   Reply With Quote
Old 05-08-2017, 14:15   #9
Registered User

Join Date: Jul 2017
Posts: 4
Re: what insurance is mandatory for cruiser

You might also want to consider whether you could cope financially with the sad experience of the Leopard 46 recently grounded on a reef. In addition to the loss of the vessel, it is costing her owners tens of thousands of dollars to have her wreck towed out to sea and sunk. Certainly something else to think about...

http://www.cruisersforum.com/forums/...es-188429.html
Nowhere-Bound is offline   Reply With Quote
Old 05-08-2017, 14:22   #10
Registered User

Join Date: Jan 2016
Posts: 49
Re: what insurance is mandatory for cruiser

Quote:
Originally Posted by Nowhere-Bound View Post
You might also want to consider whether you could cope financially with the sad experience of the Leopard 46 recently grounded on a reef. In addition to the loss of the vessel, it is costing her owners tens of thousands of dollars to have her wreck towed out to sea and sunk. Certainly something else to think about...

http://www.cruisersforum.com/forums/...es-188429.html
So true, but the question was what the minimum insurance requirements are, not what is sensible.
Bor the Wolf is offline   Reply With Quote
Old 05-08-2017, 14:31   #11
Registered User
 
Chalifour's Avatar

Join Date: Oct 2014
Location: Marmaris Turkey
Boat: Jeanneau Sun Odyssey DS43
Posts: 135
Re: what insurance is mandatory for cruiser

Third party is mandatory in most of the Med countries. Italy has an unusually high third party coverage. Make sure your insurance covers you for that part of the world if you plan to sail there waters.
Chalifour is offline   Reply With Quote
Old 05-08-2017, 15:04   #12
Registered User

Join Date: Jan 2011
Posts: 802
Images: 17
Re: what insurance is mandatory for cruiser

Mandatory Third Party Liability of 10 million AUD required in Oz in most marinas.
__________________

PaulinOz is offline   Reply With Quote
Old 05-08-2017, 15:39   #13
Registered User

Join Date: Mar 2016
Posts: 18
Re: what insurance is mandatory for cruiser

I believe Australia requires 1 million, not 10 million. But what's a million or two?
__________________
Sailing: The fine art of getting wet and becoming ill while slowly going nowhere at great expense…
snarron is offline   Reply With Quote
Old 05-08-2017, 16:27   #14
Moderator
 
Jim Cate's Avatar

Join Date: May 2008
Location: cruising SW Pacific
Boat: Jon Sayer 1-off 46 ft fract rig sloop strip plank in W Red Cedar
Posts: 21,151
Re: what insurance is mandatory for cruiser

Quote:
Originally Posted by snarron View Post
I believe Australia requires 1 million, not 10 million. But what's a million or two?
AUSTRALIA does not require anything, but some, even most marinas there do require third party insurance. The nominal amount in the few that we have been in has been 5 million, not ten. I suspect that even the ones t hat nominally do require 10 could be negotiated down to 5 if everything else was copacetic.

Jim
__________________
Jim and Ann s/v Insatiable II, lying Port Cygnet Tasmania once again.
Jim Cate is offline   Reply With Quote
Old 06-08-2017, 04:29   #15
Registered User
 
flysofia99's Avatar

Join Date: Aug 2017
Posts: 26
Re: what insurance is mandatory for cruiser

Quote:
Originally Posted by skippernobi View Post
Liability is mandatory in Europe. The authorities want to see it at every check in and check out. Especially Italy is strict and requires a minimum of 500 k€ (so far I recall).
skippernobi
I know Greece is asking 500 K€ also

Greece:(amount)

i). Civil liability for bodily harm or death of the passengers and third parties because of collision, crash, sinking or any other cause. The insurance sum is fixed to fifty thousand (50.000) Euros per passenger and cannot be less than five hundred thousand (500.000) Euros per event.

ii). Civil liability for material damage of the passengers and third parties because of collision, crash, sinking or any other cause. The insurance sum is fixed to one hundred and fifty thousand (150.000) Euros.

iii). Cause of sea pollution. The insurance sum is fixed to one hundred and fifty thousand (150.000) Euros.
__________________
you can see the view in pics,but not people‘s heart.
flysofia99 is offline   Reply With Quote
Reply

Tags
cruise, cruiser, insurance

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
mandatory 3rd party liability insurance for foreign (canadian) vessel in Europe calbergen Europe & Mediterranean 6 10-09-2014 13:11
Mandatory Boater Education in WA minaret Rules of the Road, Regulations & Red Tape 35 01-06-2011 01:22
AIS Might be mandatory in the EU Hampus Cruising News & Events 7 02-04-2009 00:30
Life raft. Mandatory or not? areso70 Rules of the Road, Regulations & Red Tape 3 04-07-2006 01:50
Mandatory requirement for anti-fouling Talbot Pacific & South China Sea 17 29-01-2006 20:51

Advertise Here


All times are GMT -7. The time now is 06:17.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.